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Innovation ‘could hit broker commissions’

07 June 2010

Brokers have been warned that increasing automation in commercial insurance and the introduction of innovations like comparative quoting could lead to lower commissions and greater opportunities…

Rates easing, says Marsh

07 June 2010

Rising profitability and surplus capacity are combining to ease the pressure on premium rates, according to leading broker Marsh…

Suncorp stands firm on comparison site lockout

31 May 2010

Suncorp will sustain “strenuous resistance” to aggregator websites despite conceding it’s fighting a losing battle over increasing commoditisation of personal insurance…

Insurer pinpoints Sydney merging hotspots

31 May 2010

New research shows that accidents involving vehicles merging into other traffic lanes in metropolitan and greater Sydney have increased by 11% over the past three years…

Government sets sights on insurance commissions

24 May 2010

The ban on “conflicted remuneration structures” for retail investment products now has the potential to extend to risk insurance, under a new Federal Government initiative…

Bushfire inquiry lawyers slam policy, leadership

24 May 2010

Lawyers assisting the Victorian Bushfires Royal Commission have slammed police, fire authorities and official policy in new submissions to be lodged with the inquiry this week…

KPMG challenges Westpoint settlement

24 May 2010

Accounting firm KPMG has launched a High Court challenge of the corporate regulator’s powers to avoid paying compensation to investors of failed property group Westpoint…

NZ life premiums to rise due to Budget

24 May 2010

New Zealand tax changes will drive life premiums beyond rises already being implemented by insurers, the Investment Savings and Insurance Association has warned…

Insurance tax reform ‘up to the states’

17 May 2010

The Federal Government has abdicated responsibility for insurance tax reform to the state governments, despite conceding that stamp duty and the fire services levy are inefficient taxes…

Broker hands over all its business

17 May 2010

A legal dispute between two Brisbane insurance brokerages has been settled, with one of the parties agreeing to close and transfer all its business to its rival…